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FRASER HOSPITALITY TRUST - 8% YIELD . NAV : 74.8c

LongXia
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09-Jun-2022 17:30

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Yells: "BBs never say why when they buy, never tell when they sell!!"

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Very sayang, very few bros here' s have... but I heard the offer is slightly above nav only... maybe not attractive for some esp those who got at ipo 88 cents. For me, I got it at around 0.40 during pandemic
huat ah.......

Thailand&rsquo s TCC seeks loan for Frasers Hospitality Trust privatisation: sources

https://www.businesstimes.com.sg/companies-markets/thailands-tcc-seeks-loan-for-frasers-hospitality-trust-privatisation-sources

THAI billionaire Charoen Sirivadhanabhakdi&rsquo s TCC Group is seeking a S$500 million loan to take Singapore-listed Frasers Hospitality Trust : ACV 0% private, according to people with knowledge of the matter.

The conglomerate, which controls a majority of shares in both Frasers Hospitality and its parent, Frasers Property : TQ5 0%, is in talks with banks about a potential transaction to finance the deal, said the people. An announcement about the proposed buyout could be made as early as this week, they said, asking not to be identified as the process is private.

The real estate investment trust is working with a financial adviser as it explores the potential privatization, amid concerns that its share price doesn&rsquo t reflect the company&rsquo s value, Bloomberg News reported in April.

Deliberations are ongoing and there is no certainty that the deal will proceed, the people said. A representative for Frasers Hospitality Trust declined to comment, while TCC Group didn&rsquo t immediately respond to requests for comment.

Trading of shares in Frasers Hospitality Trust and Frasers Property were halted Thursday (Jun 9) pending an announcement from the companies.

With a portfolio valued at S$2.25 billion, Frasers Hospitality Trust oversees 15 properties across Asia, Australia and Europe, according to Frasers Property&rsquo s 2021 annual report. BLOOMBERG

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LongXia
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09-Jun-2022 13:44

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TCC is said to seek $500 mil loan for Frasers Trust privatisation

TCC Group, which controls a majority of Frasers Hospitality Trust&rsquo s shares, is seeking a $500 million loan to take the Singapore-listed company private, according to people with knowledge of the matter.

The conglomerate of Thailand&rsquo s richest man, Charoen Sirivadhanabhakdi, is talking to banks about the planned transaction to finance the deal, said the people, who asked not to be identified as the process is private.

An announcement on the potential buyout could come as early as this week, the people said.

Deliberations are ongoing and the shareholder could decide not to proceed with the transaction.

A representative for Frasers Hospitality Trust declined to comment, while TCC Group didn&rsquo t immediately respond to requests for comment.

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LongXia
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09-Jun-2022 13:36

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Confirmed liao....

https://www.theedgesingapore.com/news/reits/tcc-said-seek-500-mil-loan-frasers-trust-privatisation

LongXia ( Date: 09-Jun-2022 09:19) Posted:

Coffee shops shouting privatise..... don' t know true ao not.
but don' t hope for high price.... maybe around nav.

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john_ric
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09-Jun-2022 13:19

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anything to do with frasers L& C reit??

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actan99
Master

09-Jun-2022 12:56

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ho seh

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LongXia
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09-Jun-2022 09:53

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Nobody into this?? Seriously?
amyway, the nav is not 74 cents as this thread heading suggest....

LongXia ( Date: 09-Jun-2022 09:19) Posted:

Coffee shops shouting privatise..... don' t know true ao not.
but don' t hope for high price.... maybe around nav.

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LongXia
Veteran

09-Jun-2022 09:19

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Yells: "BBs never say why when they buy, never tell when they sell!!"

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Coffee shops shouting privatise..... don' t know true ao not.
but don' t hope for high price.... maybe around nav.

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bystander1965
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12-May-2022 17:13

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Yells: "What I say is just my assessment. DYODD"

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It' s gone into a congested area technically. Near term is weak. But then most stocks are in this situation now. 😅

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turtletrader
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12-May-2022 17:01

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Today this reit down alot (6.25%)! High volume 11 plus million - M& A off?

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honesty
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13-Apr-2022 09:57

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seems heading beyond 0.75 due to almost certain M& A, lets stay patient, patience pays

Goldfinger ( Date: 08-Apr-2022 22:02) Posted:

Waking up waking up. Hope it continues to rocket.

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Goldfinger
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08-Apr-2022 22:02

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Waking up waking up. Hope it continues to rocket.

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CleanNGreen
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25-Mar-2022 13:13

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https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-sees-upside-to-dpu-of-hospitality-s-reits-from-2022-as-borders?utm_source=facebook& utm_medium=social-organic

Brokers' take: DBS sees upside to DPU of hospitality S-Reits from 2022 as borders reopen

CleanNGreen ( Date: 12-Mar-2022 14:05) Posted:

Huat Ah...

lukewong82 ( Date: 11-Mar-2022 17:29) Posted:

Potentially test 50 cents next month when results is announced.

Also a target for privatisation. Perhaps privatised at a discount of the NTA say 55-60 cents

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CleanNGreen
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12-Mar-2022 14:05

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Huat Ah...

lukewong82 ( Date: 11-Mar-2022 17:29) Posted:

Potentially test 50 cents next month when results is announced.

Also a target for privatisation. Perhaps privatised at a discount of the NTA say 55-60 cents.

lukewong82 ( Date: 11-Mar-2022 17:27) Posted:

Gearing reduced from 42% to 34%. Potential of dividend from disposal. The new gearing of 34% is one of the lowest for Hospitality reits.

Results out around mid April, looking forward to good dividends from the profits gained from the disposal.

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lukewong82
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11-Mar-2022 17:29

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Potentially test 50 cents next month when results is announced.

Also a target for privatisation. Perhaps privatised at a discount of the NTA say 55-60 cents.

lukewong82 ( Date: 11-Mar-2022 17:27) Posted:

Lobster ( Date: 29-Oct-2021 10:52) Posted:

Some news on acquisitions and disposal la.....

Separately on Oct 29, the managers announced it was acquiring a freehold reversionary interest together with a subsidiary of the stapled group' s sponsor, Frasers Property, in Sofitel Sydney Wentworth for about A$10.6 million (S$10.4 million).

FHT will then divest this amalgamated freehold interest for A$315 million, which the managers estimate will translate to NPI yields of 4.1 per cent and 3.3 per cent for FY2019 and FY2021, respectively. Its managers said FHT' s NPI figure for FY2020 was not used as it is not representative, considering the effects of the Covid-19 pandemic.

The sale price represents a 34.3 per cent premium over FHT' s total combined purchase price of A$234.6 million, comprising the AS$224 million purchase consideration for acquiring the existing 75-year leasehold interest in Sofitel Sydney Wentworth, and the acquisition purchase price of A$10.6 million.

FHT' s managers also noted the A$315 million sale price is 12.1 per cent above the property' s independent valuation of A$281 million as at Sep 30, 2021, on a freehold basis.

Net proceeds from the divestment are estimated at A$282.5 million, and FHT' s manager is expecting a net gain of about A$24.1 million from the transaction.

The managers intend to use net proceeds to repay debt and for distribution to stapled securityholders as well as to finance general corporate and working capital requirements.

Sofitel Sydney Wentworth is a 5-star, 17-storey hotel located in the central business district of Sydney, Australia.

Comprising 436 guest rooms and suites with a gross floor area of 33,589 square metres, the hotel sits on freehold land and is located about 200 metres away from Martin Place train station.

It is currently operating under the trading under the Sofitel brand as part of the Accor Group, under a hotel management agreement which expires in 2026. The property' s master lease is due to expire in 2035.

" Despite the ongoing Covid-19 pandemic, we have achieved an attractive sale price for the asset. Our title re-structuring has enabled the unlocking of a value greater than if Sofitel Sydney Wentworth had been sold as a leasehold property. By doing so, we are unlocking the underlying value of Sofitel Sydney Wentworth at an optimal stage of the property' s life cycle and enhancing returns for our stapled securityholders," said Eu

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lukewong82
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11-Mar-2022 17:27

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Lobster ( Date: 29-Oct-2021 10:52) Posted:

Some news on acquisitions and disposal la.....

Separately on Oct 29, the managers announced it was acquiring a freehold reversionary interest together with a subsidiary of the stapled group' s sponsor, Frasers Property, in Sofitel Sydney Wentworth for about A$10.6 million (S$10.4 million).

FHT will then divest this amalgamated freehold interest for A$315 million, which the managers estimate will translate to NPI yields of 4.1 per cent and 3.3 per cent for FY2019 and FY2021, respectively. Its managers said FHT' s NPI figure for FY2020 was not used as it is not representative, considering the effects of the Covid-19 pandemic.

The sale price represents a 34.3 per cent premium over FHT' s total combined purchase price of A$234.6 million, comprising the AS$224 million purchase consideration for acquiring the existing 75-year leasehold interest in Sofitel Sydney Wentworth, and the acquisition purchase price of A$10.6 million.

FHT' s managers also noted the A$315 million sale price is 12.1 per cent above the property' s independent valuation of A$281 million as at Sep 30, 2021, on a freehold basis.

Net proceeds from the divestment are estimated at A$282.5 million, and FHT' s manager is expecting a net gain of about A$24.1 million from the transaction.

The managers intend to use net proceeds to repay debt and for distribution to stapled securityholders as well as to finance general corporate and working capital requirements.

Sofitel Sydney Wentworth is a 5-star, 17-storey hotel located in the central business district of Sydney, Australia.

Comprising 436 guest rooms and suites with a gross floor area of 33,589 square metres, the hotel sits on freehold land and is located about 200 metres away from Martin Place train station.

It is currently operating under the trading under the Sofitel brand as part of the Accor Group, under a hotel management agreement which expires in 2026. The property' s master lease is due to expire in 2035.

" Despite the ongoing Covid-19 pandemic, we have achieved an attractive sale price for the asset. Our title re-structuring has enabled the unlocking of a value greater than if Sofitel Sydney Wentworth had been sold as a leasehold property. By doing so, we are unlocking the underlying value of Sofitel Sydney Wentworth at an optimal stage of the property' s life cycle and enhancing returns for our stapled securityholders," said Eu

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Joelton
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16-Feb-2022 09:42

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Frasers Hospitality expands to Cambodia with launch of 3 properties

FRASERS Hospitality, a member of Singapore-listed Frasers Property, has entered the Cambodia market with the launch of 3 new properties in key commercial districts.

The first property - the 88-room Capri by Fraser located in Phnom Penh - will open in October 2022. Another Capri by Fraser property located 5-minutes away in the city centre, which has 78 rooms, will be completed in 2024.

Both properties have a mix of hotel rooms, studio apartments and 1-bedroom units targeted at transient business travellers and mid-level executives on extended stays, Frasers Hospitality said in a press statement on Tuesday (Feb 15).

The third property - the 200-room Fraser Residence Sen Sok - is slated for completion in 2026. The serviced apartment is located on the north-west fringes of the city centre and is expected to accommodate expatriates on extended stays.

The property is part of an integrated development that includes a retail mall, medical centre and office tower. It is also close to international schools, malls and a golf course, and is a 15-minute drive to the central business district and industrial parks.

Frasers Hospitality senior vice-president and head of Asia-Pacific Tonya Khong said the 3 properties will be ready to accommodate the return to travel, as well as an anticipated boost from regional events such as the 2023 Southeast Asian Games and the Regional Comprehensive Economic Partnership (RCEP).

" Moving into Cambodia signals our long-term ambition to grow our presence in the country and South-east Asia," she added.

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Joelton
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10-Feb-2022 09:28

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Frasers: Hospitality portfolio tested by pandemic headwinds investment and residential portfolios are resilient

FRASERS Property' s hospitality portfolio remains challenged by pandemic headwinds, the company said in a first-quarter business update late on Wednesday (Feb 9), even as it reported higher revenue per average room (RevPAR) across its Asia-Pacific (ex-North Asia) and Europe portfolios.

" (The) emergence of the Omicron variant from December 2021 and subsequent surge in infections pose a setback to recovery trajectory," Frasers Property said.

RevPAR for its hospitality portfolio in North Asia fell 36.9 per cent for the quarter to S$42.50, down from S$67.40 in the year-ago period. Average occupancy rate across this portfolio fell 4.7 percentage points to 48.2 per cent.

The company attributed its performance in North Asia to the emergence of the Omicron variant it also noted that China has continued to uphold its zero-Covid-19 policy.

Still, the company plans to expand in the region by adding 950 operational units this year.

RevPAR for its hospitality portfolio in other parts of the Asia-Pacific was up 9.1 per cent from S$99 to S$108. Average occupancy rate for the quarter in the region inched up 0.2 percentage points to 75.9 per cent.

Frasers Property said it saw pent-up demand for hospitality properties in Singapore, with the opening up of vaccinated travel lanes over in Australia, high vaccination rates underpin the reopening of domestic travel between majority of states.

The company is preparing for entry into Cambodia and has signed three management contracts in Q1 FY2022 for properties in the country, the first of which will open in Phnom Penh in Q3.

Over in Europe, RevPAR surged 240 per cent to S$184.80 from S$54.30. Average occupancy rate jumped 40.5 percentage points to 69.9 per cent. For this region, the company expects governments to lift certain restrictions, such as pre-arrival testing, which will boost travel and hospitality industries in the mid-term.

Office portfolio occupancy remains supported by " healthy demand" , Frasers Property said. In Singapore, average occupancy rate for its commercial portfolio went down 1.9 percentage points to 91 per cent, while that for its retail portfolio went up 0.1 percentage points to 94.5 per cent.

Its industrial and logistics portfolio also continues to be buoyed by strong demand, the company said. It added 5 development projects to the pipeline in Q1 FY2022, expecting to total S$1 billion in gross development value.

Frasers noted steady progress for its residential projects in Singapore. Its residential portfolio in Australia remains resilient due to supportive economic conditions, but the company " remains vigilant" about the impact of higher interest rates there.

The company' s net debt as at Dec 31, 2021 stood at S$14 billion its net debt-to-equity ratio was 76.2 per cent. Total debt excluding real estate investment trusts amounted to S$11.9 billion.

The company said it is well-positioned to repay or refinance debt due in FY2022 and will continue to extend debt maturities with a focus on green and/or sustainable financing.

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Joelton
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28-Jan-2022 09:10

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Frasers Hospitality Trust sees better RevPAR in Q1

FRASERS Hospitality Trust' s (FHT) Q1 business update on Thursday (Jan 27) indicated a general uplift in revenue per available room (RevPAR), in local currency terms, across the portfolio following a gradual recovery in international travel.

Across the trust' s Australian properties, RevPAR increased 43.1 per cent to S$113 for the 3 months ended Dec 31, 2021. In Singapore, RevPAR rose 12.9 per cent to S$143, and in the UK, RevPAR more than doubled year on year.

A majority of FHT' s 15 properties are in these 3 markets. 1 of the trust' s properties in Singapore re-secured the government quarantine business in Q1, further boosting occupancy.

2 properties in Australia likewise benefitted from the quarantine business. All properties ramped up their performance towards mid-Q1 but the recovery pace was derailed by the Omicron surge in end-December.

In the UK, all of FHT' s properties have resumed full operations since mid-May last year. RevPAR improved till the Omicron wave struck, said the manager. However, the UK has eased entry restrictions enacted due to the Omicron wave, and fully vaccinated travellers will no longer need to take any Covid-19 tests from Feb 11, 2022.

ANA Crowne Plaza Kobe in Japan saw RevPAR inch up 2.5 per cent to 5,868 yen. Meanwhile, RevPAR at The Westin Kuala Lumpur more than doubled from a year ago as operating performance improved significantly after travel restrictions were lifted in mid-October.

The manager said Maritim Hotel Dresden in Germany showed signs of improvement year-on-year, supported by a recovery in domestic travel.

FHT' s gearing stood at 42.5 per cent as at Dec 31, 2021 while the weighted average debt to maturity was 2.3 years.

The manager said FHT' s portfolio is well-poised to ride on the recovery wave due to several factors including its strong downside protection with long-term master leases. The trust also has a " resilient and diversified portfolio across key gateway cities," it added.

However, downside risks such as new Covid-19 variants and policy changes remain.

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CleanNGreen
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27-Dec-2021 14:35

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https://www.businesstimes.com.sg/government-economy/singapore-hotel-occupancy-revpar-recover-to-pre-covid-19-levels-in-nov-as?utm_medium=social-organic& utm_source=facebook& fbclid=IwAR2730SGcCYZud02GNXYyCBH2i9MCAn1UnowmfbBOqtkpvCE9Y5xqM5BaIM

Singapore hotel occupancy, RevPAR recover to pre-Covid-19 levels in Nov as international arrivals reach year-round high

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CleanNGreen
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09-Dec-2021 09:08

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https://fb.watch/9N46Xw8TY5/

We are celebrating the #GrandOpening of our newest property, Modena by Fraser Nanjing today!

Situated in the prestigious Nanjing Financial City- Phase II, Modena by Fraser Nanjing has 220 stylish serviced apartments that have been thoughtfully designed for the modern traveller, with a focus on eco-living and personal well-being.

Expect spacious apartments with luxe, minimalist interiors and top-notch facilities and services that make for a comfortable home for both long- and short-stays.

Pet-friendly apartments

All-day Dining Restaurant

Fully equipped and spacious 24/7 Gym

Rest & Relax Lounge

Kids Playzone

Steam Sauna

The property is just minutes from the best dining, shopping and entertainment spots. It' s also close to two metro lines, ensuring that you' ll be well-connected to the rest of the city.

From now until 31 December 2021, get 15% 𝐎 𝐅 𝐅 𝐁 𝐞 𝐬 𝐭 𝐅 𝐥 𝐞 𝐱 𝐢 𝐛 𝐥 𝐞 𝐑 𝐚 𝐭 𝐞 when you book your stay with the promo code " 𝐅 𝐇 𝐖 𝐄 𝐋 " .

Indulge in simplicity when you stay at Modena by Fraser Nanjing: https://rebrand.ly/ModenabyFraser/Nanjing

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